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US Fed's Rate Cuts: Economic Uncertainty And Inflation Drive New Policy Stance 12/19/2024

New Zealand Faces Economic Recession Amid Calls For Aggressive Policy Measures 12/19/2024

U.S. Economy Shows Resilience Amid Changing Labor Market Dynamics And Consumer Trends 12/20/2024

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World & Politics

U.S. artillery strike wipes out ISIS mortar position in Mosul: Pentagon

The precision strike wiped out the enemy while inflicting limited damage to the adjacent schools nearby. In the fight towards eradicating the plague that is ISIS, the U.S. military has disclosed that an artillery strike by its coalition in the Iraqi city of Mosul, has struck an ISIS mortar position...

New European hazard: Marine Le Pen

Marine Le Pen has been leading in polls during most of the year. In December, she ceded the ground a little, but still has a chance to be elected as President of France. This looks disturbing to market participants since the leader of "National Front" promises to hold a referendum on withdrawal...

Christmas bonus for low-income pensioners endangers Tsipras' credibility

Greece’s lenders from Europe have suspended implementation of short-term measures to write off the country's debt. They are indignant at decision of the Greek authorities to grant 1.6 million pensioners living in the country with a Christmas bonus. European partners have considered these actions...

Possible China Retaliation Over Trump Talk Signaled by Targeting U.S. Automaker

A sign of how Beijing could retaliate if President-elect Donald Trump upends decades of relations between the two nations is China's plan to punish a U.S. automaker accused of price-fixing. A bedrock of U.S.-China ties that has underpinned the vast increase in trade and cooperation between...

Are migrants a solution for population problems in Germany?

Germany is trying to cope with the influx of migrants. However, the vanguard of discontented is seemingly overlooking one simple thing: migrants give the country what it needs, namely, children. In 2015, the birth rate in Germany rose to 1.5 children per woman, which is the peak of 33 years....

CEO of Exxon Mobil to be appointed US Secretary of State

Rex Tillerson, Chairman of the Board and CEO of oil company ExxonMobil will be appointed New US Secretary of State. This is stated in a written statement released by team of US President-elect Donald Trump. The main intrigue associated with appointment of Mr. Tillerson is a question of how personal...

Paris, Mexico City, Madrid and Athens to ban diesel cars

Four major cities of the world offer to refuse diesel cars and connect to eco cars by 2025. In 10 years, Paris, Mexico City, Madrid and Athens will ban all diesel cars and trucks, and all vehicles with the traditional type of fuel will be outlawed in those countries. Yet, it’s not clear yet whether...

Diplomats say Strict North Korea Sanctions to be Voted in UN Security Council on Wednesday

North Korea’s export earnings would be slashed by some $800 million as the United Nations Security Council is set to vote on Wednesday to impose new sanctions on North Korea for its fifth and largest nuclear test, diplomats said. The new measures that are largely target the hermit Asian...

France and Britain may suffer electricity shortage this winter

France and Great Britain are two countries in Europe that are at most risk to suffer from a shortage of electricity during this winter, especially in December or January, when a serious cold snap will come, Bloomberg writes. With availability of the French nuclear fleet Electricite de France SA to...

Greek Authorities Need To ‘Show A Serious Commitment’: Benoit Coeure

When it comes to Greece’s rescue programme, the authorities need to abide by the country’s commitments. Francesco Canepa reports that the Executive Board Member of ECB, Benoit Coeure, on Monday said, that the authorities of Greece requires to “stick to the terms of the country's rescue program”,...